The UN says new biodiversity credits can succeed where carbon offsets have failed
6 Dec 2022
The United Nations supports biodiversity credits as a way to boost funding for conservation efforts, but critics warn that the new financial instrument could give companies another tool to burnish green credentials without changing the way they do it do business, change.
The research released on Monday by the United Nations Development Program and the International Institute for Environment and Development, a UK-based think tank, comes as negotiators gather at the United Nations’ flagship biodiversity summit in Montreal in hopes of unleashing a global Finalize deal to halt and reverse biodiversity loss by 2030.
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